Dongyue Group plans to issue shares on HKSE

摘要

China's state-owned Dongyue Group, which produces a range of electrical and chemical components used by the country's defence industry, plans to raise up to about HKD1.37 billion (USD176 million) by issuing shares on the Hong Kong Stock Exchange (HKSE). The company, which also manufacturers a variety of electrical products for the commercial sector, plans to issue a total of 520 million shares at between HKD2.05 and HKD2.63 each in an initial public offering.